🟢 Nusantara Hijau Investama is trading 9.78% up after proposing a US$463 million rights issue

Nusantara Hijau Investama is trading at IDR 404.00, up 9.78%, after reports linked its October 23 surge to a proposed US$463 million rights issue.

• Proceeds would fund nickel acquisitions, repay loans and support working capital.
• The plan includes acquiring Bumanik and Denway Development Limited; shareholder approval is scheduled for November 30, 2026, while OJK effectiveness remains pending.
• Reports describe the move on October 23; no separate October 26 trading-session catalyst is established.